MANILA, Philippines — Two-thirds of consumers saw their income negatively affected by the COVID-19 pandemic in the second quarter, with the impact more pronounced for Gen X and millennials, according to a survey by information and insights company TransUnion. Conducted from June 1 to 16, TransUnion’s Consumer Pulse study covering 1,100 respondents showed 66 percent […]
Read MoreSmall and medium-sized Cambodian companies are to receive government training on how to make the most of the digital economy. The Ministry of Commerce says the training programme is an important part of its Go4eCAM project. That project aims to increase economic opportunities for small and medium enterprises (SMEs) by giving them a doorway to […]
Read MoreFollowing the extension to the lockdown until August, the office market slowdown will continue in the third quarter with a further decrease in occupancy rate, according to property consultant Edmund Tie & Co Thailand. Neeranuch Kanokvilairat, manager of research & consulting, said some office tenants were using less office space as they had reduced the […]
Read MoreCar manufacturers are planning to shift production chains elsewhere to Vietnam in case such tax incentives are extended. The current tax incentives for domestically-produced cars, set to expired on December 31, 2022, are expected to be extended beyond that timeline to continue supporting the local automobile and supporting industries. The Ministry of Finance (MoF) proposed […]
Read MoreMANILA, Philippines — Cross-border digital payments services provider WorldRemit sees remittances from overseas Filipino workers (OFWs) bouncing back, with growth of six to seven percent this year after slumping by 0.8 percent last year due to displacements in host countries amid the COVID-19 pandemic. WorldRemit Philippines country director Earl Melivo told The STAR the resilience […]
Read MoreApplications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. Consumer credit applications decreased overall by 34 per cent, Credit Bureau (Cambodia) Co Ltd (CBC) said in its “Consumer […]
Read More
Thailand
